This is actually a good thing as it's an extra set of experienced eyes looking at your deal and you should be underwriting your deal in a similar fashion. 

Then when you are ready to go up again a high fashion brand.2.

I would say that those terms are perhaps a bit too favorable to your friend. 

Door KnockingAnother old fashioned way to find sellers is by walking up their front steps and bringing yourself to their attention.

Repeat.Work slave job with W-2 documentation for 2 years to gain favor with banks.

Up/downs and less than b's have challenges that don't go away in favorable market conditions.

By becoming more and more knowledgeable the odds of success tend to swing more into the investors favor as they pursue real estate properties to purchase.If you broke even on this deal or close to it but learned a ton than consider it for the most part a SUCCESS.

Not to mention you have tax benefits that are much more favorable to commercial investors. 

I know I am old fashion but I like calling cards.   

Finding that most properties are not giving good cash on cash ROI. 2/2 homes that have been recently rehab’d seem to analyze more favorably using the rent calculator on BP.